SG Americas Securities LLC Purchases Shares of 8,945 AFC Gamma, Inc. (NASDAQ:AFCG)

SG Americas Securities LLC acquired a new position in shares of AFC Gamma, Inc. (NASDAQ:AFCG) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 8,945 shares of the company’s stock, valued at approximately $108,000.

Several other hedge funds also recently modified their holdings of AFCG. Mirae Asset Global Investments Co. Ltd. grew its position in shares of AFC Gamma by 5.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 279,306 shares of the company’s stock valued at $3,279,000 after acquiring an additional 13,423 shares during the period. Nisa Investment Advisors LLC increased its position in AFC Gamma by 19.2% during the third quarter. Nisa Investment Advisors LLC now owns 9,825 shares of the company’s stock worth $115,000 after buying an additional 1,582 shares during the last quarter. Cambria Investment Management L.P. raised its stake in AFC Gamma by 49.7% in the third quarter. Cambria Investment Management L.P. now owns 24,675 shares of the company’s stock valued at $290,000 after buying an additional 8,190 shares during the period. Jump Financial LLC bought a new stake in AFC Gamma in the third quarter valued at approximately $214,000. Finally, Los Angeles Capital Management LLC lifted its position in shares of AFC Gamma by 77.8% in the third quarter. Los Angeles Capital Management LLC now owns 41,807 shares of the company’s stock valued at $491,000 after buying an additional 18,290 shares during the last quarter. Institutional investors own 26.53% of the company’s stock.

AFC Gamma Stock Up 2.3 %

AFCG stock opened at $11.65 on Friday. AFC Gamma, Inc. has a 1-year low of $9.91 and a 1-year high of $14.60. The business’s 50 day simple moving average is $11.89 and its 200 day simple moving average is $11.72. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $240.81 million, a PE ratio of 11.42 and a beta of 1.05.

AFC Gamma (NASDAQ:AFCG) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. The company had revenue of $15.97 million for the quarter, compared to analyst estimates of $18.06 million. AFC Gamma had a net margin of 30.38% and a return on equity of 12.10%. During the same period in the prior year, the firm earned $0.61 earnings per share. As a group, research analysts anticipate that AFC Gamma, Inc. will post 1.93 EPS for the current year.

AFC Gamma Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 16.48%. AFC Gamma’s dividend payout ratio (DPR) is currently 188.24%.

AFC Gamma Company Profile

AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.